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Small Caps Set To 'Lead Their Large Cap Brothers' For Rest Of 2024, Says Market Strategist

Benzinga ·  Aug 24 03:44

While the titans of tech may dominate headlines, a quieter revolution is brewing among small-cap stocks.

According toRyan Detrick, chief market strategist atCarson Group LLC, small caps are not only staging a remarkable rally but could soon surpass their larger rivals.

Detrickhas thrown a spotlight on this trend with his recent tweet, noting that "The past 12 months small caps are up 18%."

"Yes, they aren't up as much as large cap tech, but we continue to expect them to do quite well the rest of '24 and likely lead their lg cap brothers," he said in a...

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